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Binance USD comes to the Dapper Labs blockchain

September 18, 2020

The US stablecoin of the large cryptocurrency exchange Binance, BUSD is the latest stable token to announce that it will be released on Dapper Labs’ flow blockchain.

The news comes just days after the platform added USD Coin (USDC) to rival stablecoin..

Dapper Labs, the team behind the groundbreaking Non-Fungible Token (NFT) games CryptoKitties and NBA TopShot, started working on Flow to solve scale problems with Ethereum (ETH). that CryptoKitties was clearly stated after its launch in late 2017.

Binance USD comes to the Dapper Labs blockchain
Binance USD comes to the Dapper Labs blockchain

The new partnership will enable flow-based developers to seamlessly integrate BUSD into their decentralized applications (DApps), and the companies say BUSD will open the door for developers who want to build decentralized financial (DeFi) applications with the support of DeFi, the stablecoin in flow. Samuel Lim, Binance’s Chief Compliance Officer stated:

“We believe that decentralized gaming and entertainment will play an important role in accelerating the adoption of cryptocurrencies. Our partnership with Flow and Dapper’s track record will place BUSD in the hands of millions of consumers. “

Since Dapper has partnered with leading global entertainment companies including Warner Music Group, Ubisoft, the Ultimate Fighting Championship and Dr. Seuss, The flow blockchain holds great promise for consumer-scale products and applications.

Dapper Labs’ NBA Top Shot, the first game and DApp released on Flow, has raised more than $ 2 million in revenue from sales of NFTs since beta launched in June. The game allows players to collect, interact with and interact with multimedia “moments” depicting major events in NBA history and trading them in the Top Shot market..

Earlier this week, Dapper also partnered with financial services company Circle to provide USD Coin (USDC) as a settlement solution for Flow.. Top Shot will be Flow’s Dapp to integrate USC, which is used to complete credit and debit card payments for the game.

In April, Dapper announced that he has reached a technology sharing agreement with Facebook Libra. Dapper will access Libra’s virtual machine, while Libra will have the ability to use Dapper’s Cadence intelligent contract programming language.

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